Innovator Lunt Low Vol/High Beta Tactical ETF (LVHB) Stock Technical Analysis
USA - NYSEARCA:LVHB -
Taking everything into account, LVHB scores 8 out of 10 in our technical rating. Although LVHB is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Besides having an excellent technical rating, LVHB also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 31.97. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 31.68, a Stop Loss order could be placed below this zone.
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28.79
2 important support areas can be observed.
- A support zone ranging from 30.64 to 31.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 29.08 to 29.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- Resistance @31.97 from a horizontal line in the daily time frame.
- Resistance @33.15 from a trend line in the weekly time frame.
- Resistance @35.40 from a horizontal line in the weekly time frame.
- Resistance @35.97 from a trend line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for LVHB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for LVHB is up. |
| ChartMill Relative Strength | 59.03 | NEUTRAL | LVHB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of LVHB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of LVHB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of LVHB is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.34 | NEUTRAL | The RSI value for LVHB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests LVHB has a positive trend. |
| Stochastics (14,3) | 76.26 | NEUTRAL | The Stochastics value for LVHB is a neutral value. |
| Average True Range in percent/ATR (20) | 247.38 | HIGH VOLATILITY | The high ATR as a percentage value for LVHB suggests high volalility. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 31.98 | 30.79 | 1.19 (3.72%) | 25.00% |
| An entry @31.98. This is a Buy Stop order right above the resistance zone. | An exit @30.79. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.19 points, which is 3.72%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.93%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
Innovator Lunt Low Vol/High Beta Tactical ETF
NYSEARCA:LVHB (8/10/2020, 8:04:00 PM)
31.7887
+0.02 (+0.06%)